Viberate has risen in price around 30% in the last 5-10 days basically, and it’s more than 3x in the past month.
this rise can be explained through various factors including overall market sentiment, weex launching vib, and hype in community.
weex launching made vib available to a broader audience compared to the previous days, as it provided a much more liquidity and simple platform for trading.
it is worth noting that vib also made things more convenient with weex, as the platform enables instant trading without otc, withdrawal fees, deposit compensation, or gas. all spot transactions on weex began to be free of charge on its launch day.
this launch at weex has significantly boosted vib's visibility and trading volume, which likely contributed to this surge.
the hype around vib was infectious, specifically when the community rallied around a moonshot post on reddit, which talks about things that could still change in terms of marketing. this is where the so-called “community hype” kicked in, as many users started buying vib to capitalize on what they believed to be a solid moonshot.
overall, the combination of these factors likely contributed to the spike in vib’s price.